Solowin Holdings, Ltd. (SWIN) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Medium Risk

Moderate dilution risk

Last updated: October 15, 2025

Risk Assessment Details

Potential Dilution: 4.81% of current shares

Recent Dilution: 1746.28% (2 years)

Historical Dilution Factor: significant recent dilution

Outstanding Shares

160M

Potential Supply

7.5M

Additional shares possible

Splits

None

Past 2 years

Summary

SWIN currently has 156M outstanding shares. with limited dilution risk as only 7.5M additional shares (4.8%) are authorized for issuance. The company has significantly diluted shareholders by 1746.28% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding	Supply
Oct 15, 2025	F-3 filing: This prospectus relates to the resale, from time to time, of up to an aggregate of 7,500,000 class A ordinary shares, par value $0.0001 per share of Solowin by the selling shareholders.	160M	7.5M
Oct 14, 2025	RW filing: The company has requested to withdraw the registration statement for their offering.	8.4M	0
Jun 30, 2025	20-F filing \| 8.4M shares outstanding	8.4M	0
Jan 23, 2025	F-1 filing: The filing registers Class A Ordinary Shares or Pre-Funded Warrants in lieu of Class A Ordinary Shares, along with Warrants to purchase Ordinary Shares.	16M	0
Jul 26, 2024	20-F filing \| 15.5M shares outstanding	16M	0
Apr 28, 2023	F-1 filing: This is an F-1 filing for Solowin, a Cayman Islands holding company that conducts its operations primarily through its wholly owned subsidiary, Solomon JFZ, a Hong Kong-based securities brokerage company.	N/A	0

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